-
Policy
Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM POLICY: -
EM Policy
EM Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
LATEST FROM EM POLICY: -
G10 Markets
G10 Markets
Real-time insight on key fixed income and fx markets.
Launch MNI PodcastsFixed IncomeFI Markets AnalysisCentral Bank PreviewsFI PiFixed Income Technical AnalysisUS$ Credit Supply PipelineGilt Week AheadGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance CalendarsEZ/UK Bond Auction CalendarEZ/UK T-bill Auction CalendarUS Treasury Auction CalendarPolitical RiskMNI Political Risk AnalysisMNI Political Risk - US Daily BriefMNI Political Risk - The week AheadElection Previews -
Emerging Markets
Emerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
-
Commodities
Commodities
Real-time insight of oil & gas markets
-
Credit
Credit
Real time insight of credit markets
-
Data
-
Global Macro
Global Macro
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
Global MacroDM Central Bank PreviewsDM Central Bank ReviewsEM Central Bank PreviewsEM Central Bank ReviewsBalance Sheet AnalysisData AnalysisEurozone DataUK DataUS DataAPAC DataInflation InsightEmployment InsightGlobal IssuanceEurozoneUKUSDeep DiveGlobal Issuance Calendars EZ/UK Bond Auction Calendar EZ/UK T-bill Auction Calendar US Treasury Auction Calendar Chart Packs -
About Us
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessCheaper, BoJ Decision Absorbed With Little Impact
ACGBs (YM -6.0 & XM -6.5) sit in the middle of today’s Sydney session ranges after the RBA Minutes did not serve as a significant domestic market driver ahead of the BoJ Policy Decision, which stood out as the focal point for today’s Asia-Pac session.
- The RBA board considered two options at the Dec meeting, a rate hike or holding steady. The on-hold outcome won out with the RBA in a wait-and-see mode, particularly with so little fresh data compared to the prior meeting in November.
- The BoJ decision revealed unchanged policy parameters, as expected. Nevertheless, the market exhibited a mild strengthening following the announcement, indicating that certain participants had positioned themselves for a potentially hawkish surprise. The market now awaits Governor Ueda’s press conference at 15:30 Japan time today.
- The domestic market and US tsys have absorbed the BoJ decision without significant impact, with the latter trading flat to 2bps cheaper in today's Asia-Pac session, despite the strengthening in JGBs.
- Cash ACGBs are 6bp cheaper, with the AU-US 10-year yield differential 2bps wider at +17bps.
- Swap rates are 5-6bps higher.
- The bills strip is cheaper, with pricing -5 to -7.
- RBA-dated OIS pricing is 2-6bps firmer on the day. 54bps of easing is still priced for Nov’24.
- The local calendar is empty tomorrow and Thursday.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.